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MATTER OF ALGEMENE BANK NEDERLAND v. TOEPFER

175 A.D.2d 4 (1991)

In the Matter of Algemene Bank Nederland N. V., Appellant, v. Marcelle B. Toepfer, Respondent

Appellate Division of the Supreme Court of the State of New York, First Department.

July 2, 1991

Over the course of a period extending from September 1983 to March 1985, petitioner loaned in excess of $1,750,000.00 to S. Toepfer, Inc. (corporation), a New York corporation, operated as a family business, whose principals included Mr. Abraham E. Toepfer (now deceased), the respondent, who is his widow, and their adult sons, Howard and Steven.

On or about September 20, 1983, the corporation, by Howard Toepfer, executed a...

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